Signet’s Tarnished Gem

Sterling Jewelers subsidiary was the subject of a class-action arbitration suit.

By

Ben Levisohn

March 4, 2017

By

Ben Levisohn

March 4, 2017

Last week, Signet Jewelers (SIG) fell 12% after the Washington Post reported that its Sterling Jewelers subsidiary was the subject of a class-action arbitration suit alleging that the company underpaid female employees and often passed them over for promotion. Details of the allegations from the Post’s story were particularly sordid, and included examples of women being forced to have sex for promotions, though Signet called the story “distorted and inaccurate.”